EUSA Stock Summary and Trading Ideas (iShares MSCI USA Equal Weighted ETF | ARCA:EUSA)

The iShares MSCI USA Equal Weighted ETF seeks to track the investment results of an index composed of equal weighted U.S. equities. The Fund seeks to track the investment results of the MSCI USA EqualWeighted Index (the Underlying Index ), which represents an alternativeweighting scheme to its market capitalization weighted parent index, the MSCIUSA Index (the Parent Index ), which is designed to measure the performanceof equity securities in the top 85% by market capitalization of equity securitieslisted on stock exchanges in the United States. The Underlying Index generallyapplies equal weights to the constituents of the Parent Index. The UnderlyingIndex may include large-, mid- or small-capitalization companies, andcomponents primarily include consumer discretionary, financials andinformation technology companies. The components of the Underlying Index,and the degree to which these components represent certain industries, maychange over time.

iShares MSCI USA Equal Weighted ETF trades on the ARCA stock market under the symbol EUSA.

As of April 24, 2024, EUSA stock price climbed to $87.15 with 23,508 million shares trading.

EUSA has a beta of 0.99, meaning it tends to be less sensitive to market movements. EUSA has a correlation of 0.76 to the broad based SPY ETF.

EUSA has a market cap of $727.70 million. This is considered a Small Cap stock.

In the last 3 years, EUSA stock traded as high as $91.14 and as low as $65.35.

EUSA stock has underperformed the market in the last year with a return of +17.2%, while SPY returned +24.1%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in EUSA shares. However, EUSA has outperformed the market in the last 3 month and 2 week periods, returning +4.8% and -1.7%, while SPY returned +4.5% and -1.7%, respectively. This indicates EUSA has been having a stronger performance recently.

EUSA support price is $86.22 and resistance is $87.81 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EUSA stock will trade within this expected range on the day.